EU leaders to discuss breaking the defence bond taboo at Brussels summit
It’s seen as a first attempt to test EU member states’ appetite for jointly issuing debt to bolster the bloc's defence industry as war rages on its eastern flank. Although divisive, French President Emmanuel Macron and Estonian Prime Minister Kaja Kallas have both backed the idea in the past. In February's summit, Kallas suggested that the bonds should amount to a total of €100 billion. But the taboo of issuing common EU debt to arm member states will be difficult to shrug off, as the more fiscally frugal capitals are highly sceptical of the move. A senior diplomat from a northern EU country, ...